Virginia Retirement Systems ET AL bought a new position in shares of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,300 shares of the financial services provider’s stock, valued at approximately $371,000.

Other large investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its holdings in LegacyTexas Financial Group by 74.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,795 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,195 shares during the last quarter. WFG Advisors LP lifted its holdings in LegacyTexas Financial Group by 0.4% during the 2nd quarter. WFG Advisors LP now owns 3,169 shares of the financial services provider’s stock worth $121,000 after buying an additional 13 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in LegacyTexas Financial Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,560 shares of the financial services provider’s stock worth $136,000 after buying an additional 535 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in LegacyTexas Financial Group by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,150 shares of the financial services provider’s stock worth $158,000 after buying an additional 319 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new position in LegacyTexas Financial Group during the 3rd quarter worth approximately $210,000. 84.45% of the stock is currently owned by institutional investors.

In related news, Director Greg Wilkinson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.00, for a total value of $215,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George A. Fisk sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total value of $945,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock worth $2,082,500. Company insiders own 3.10% of the company’s stock.

Shares of LegacyTexas Financial Group, Inc. (NASDAQ LTXB) opened at $40.65 on Wednesday. The stock has a market capitalization of $1,976.37, a P/E ratio of 19.50, a P/E/G ratio of 1.56 and a beta of 1.24. LegacyTexas Financial Group, Inc. has a 1-year low of $31.50 and a 1-year high of $44.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.15 and a quick ratio of 1.15.

LegacyTexas Financial Group (NASDAQ:LTXB) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.61. The business had revenue of $91.10 million for the quarter, compared to the consensus estimate of $91.51 million. LegacyTexas Financial Group had a return on equity of 10.85% and a net margin of 24.77%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. analysts forecast that LegacyTexas Financial Group, Inc. will post 2.19 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were issued a $0.16 dividend. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.64 annualized dividend and a dividend yield of 1.57%. LegacyTexas Financial Group’s dividend payout ratio (DPR) is 30.19%.

A number of research analysts have commented on the company. SunTrust Banks reaffirmed a “buy” rating and set a $47.00 target price on shares of LegacyTexas Financial Group in a report on Wednesday, November 29th. Zacks Investment Research downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $46.50 target price on shares of LegacyTexas Financial Group in a report on Thursday, October 19th. Finally, ValuEngine downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.75.

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LegacyTexas Financial Group Company Profile

LegacyTexas Financial Group, Inc is a bank holding company. LegacyTexas Bank (the Bank) is the Company’s principal operating subsidiary, which is a commercial bank that is focused on meeting the needs of businesses and consumers in the North Texas area. Its principal business consists of attracting retail deposits from general public and business community and investing those funds, along with borrowed funds, in commercial real estate loans, secured and unsecured commercial and industrial loans, as well as permanent loans secured by first and second mortgages on one- to four-family residences and consumer loans.

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Institutional Ownership by Quarter for LegacyTexas Financial Group (NASDAQ:LTXB)

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